Ordinance and Law. If the Mortgaged Property constitutes a legal non-conforming use, then “Ordinance and Law Coverage” in the amount required by Lender, including the follow endorsements: (A) “Loss to the Undamaged Portion of the Building.” (B) “Demolition Cost.” (C) “Increased Cost of Construction.” (D) “Increased Period of Restoration.”
Appears in 10 contracts
Samples: Multifamily Loan and Security Agreement, Multifamily Loan and Security Agreement (Steadfast Apartment REIT, Inc.), Multifamily Loan and Security Agreement (New Senior Investment Group Inc.)
Ordinance and Law. If the Mortgaged Property constitutes a legal non-conforming use, then “Ordinance and Law Coverage” in the amount required by LenderLxxxxx, including the follow endorsements:
(A) “Loss to the Undamaged Portion of the Building.”
(B) “Demolition Cost.”
(C) “Increased Cost of Construction.”
(D) “Increased Period of Restoration.”
Appears in 1 contract
Samples: Multifamily Loan and Security Agreement (Sentio Healthcare Properties Inc)
Ordinance and Law. If the Mortgaged Property constitutes a legal non-conforming use, then “Ordinance and Law Coverage” in the amount required by Lender, including the follow endorsements:
(A) “Loss to the Undamaged Portion of the Building.”
(B) “Demolition Cost.”
(C) “Increased Cost of Construction.”
” (D) “Increased Period of Restoration.”
Appears in 1 contract
Samples: Multifamily Loan and Security Agreement (Steadfast Apartment REIT, Inc.)
